Systems development is the process of defining, designing, testing, and implementing a new software application or
program. It could include the internal development of customized systems, the creation of database systems, or the
acquisition of third party developed software. Written standards and procedures must guide all information systems
processing functions. The organization’s management must define and implement standards and adopt an appropriate
system development life cycle methodology governing the process of developing, acquiring, implementing, and
maintaining computerized information systems and related technology